Dollar Store For Sale
Location:
Canada
->
Ontario
->
Mississauga
Industry: Retail > Other Retail
Business Summary
Frequently Asked Questions about the Sale of the Business
1) How much are you selling the business for?
The asking price is $185,900 CND and the seller is offering the following 3 options to the buyer:
Option 1) Full cash buyout of $185,900; or
Option 2) Assume the Business loan of $60,000 and pay $125,900 cash; or
Option 3) Assume the Business loan of $60,000 and pay $60,000 cash and seller will finance the remainder for $2,900 per month for 24 months
2) When is the business ready to be sold and are you asking for a deposit?
The business is ready to be sold now and a deposit is not required.
3) Is this a private or brokered sale?
This is a private sale, however the buyer is welcome to use a broker at the buyers expense.
4) Why are you selling the business?
Both owners are now over 65 years old and are retiring.
5) Are the owners willing to offer training to the new owners?
Yes. The seller is willing to offer 2 weeks of free training.
6) How much is the current stock worth and how much did you pay for it?
Approximately $60,000 - $70,000 in value. Paid an estimated 65% of value.
7) What are the last two years of sales and expenses?
The accountant is currently closing 2008, business yearend is August 31st.
Estimated completion is September 23rd 2009 and will be provided to the interested buyer.
8) Do you currently owe any taxes on the business?
No, all applicable federal, provincial and local taxes have been paid in full.
9) How many square feet is the space and what is the current rent?
2250 sqft $6,333 monthly rent
10) Can the space be converted and can the new business include a kitchen?
Yes, the space includes electrical and plumbing that can accommodate any business.
11) Are you aware of any restrictions on the type of business that can occupy your space, if so what restrictions apply?
No Pizza Sales, No McDonalds, No Convenience Store and No Drug Store
Financials
Asking Price Range: < $250K
Gross Revenues:
$100,000
Cash Flow:
$80,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $120,000
Seller Financing: Yes
About The Business
Year Established: 2000
Number of Employees: 1 - 3
Relocatable: Yes
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: 2 weeks full training.
Reason For Selling: Owners are retiring.
Photos
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Click on the "I'm Interested" button above for more information on this Retail > Other Retail business for sale.
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Print Listing Id: 70095662
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